This module examines the principles, policies, and practical application of the UK taxation system, with a focus on compliance, computation, and tax planning for individuals and businesses. It introduces the structure of the UK tax framework, sources of tax law, and the role of HM Revenue & Customs.

The module covers income tax in detail, including tax rates and bands, personal allowances, residence and domicile, employment income, benefits in kind, share-based incentives, termination payments, and other lump sum receipts. The taxation of savings and dividend income is examined, including ISAs, tax-exempt investments, and the accrued income scheme for UK Government securities (gilts). National Insurance Contributions, including different classes and contribution limits, are also considered.

Property income taxation is explored, including property business profits, furnished holiday lettings, rent-a-room relief, premiums for short leases, restrictions on finance cost relief, and relief for property business losses. Capital Gains Tax is examined through the computation of gains and losses on the disposal of property, shares, and securities, including the use of exemptions and reliefs. Inheritance Tax is considered in relation to lifetime and death transfers, exemptions, reliefs, and payment obligations.

The module also introduces business taxation, including self-employment, partnerships, corporation tax, capital allowances, and trading losses, together with an overview of Value Added Tax, VAT rates, registration, special schemes, and compliance.

The module is assessed through an unseen written examination lasting 3 hours, plus 15 minutes of reading time. In this timed, unseen written examination, you will be presented with a series of entrepreneurial scenarios involving complex taxation issues. You are expected to:

Critically analyse the scenarios, identifying relevant taxation principles, ethical considerations, and responsible planning options.
Apply current taxation legislation and techniques to calculate accurate tax liabilities for individuals, partnerships, or small businesses, as appropriate.
Solve complex taxation problems using logical reasoning and correct application of rules.
Communicate your findings, calculations, and professional advice in clear, structured written and numerical formats, highlighting the implications of your decisions for stakeholders and compliance.

Individual Blog – 20% (500 words) (LO3). Students are required to produce an individual blog of approximately 500 words based on topics provided by the tutor in relation to a group formative assessment discussion. This assessment is designed to support the development of students’ critical understanding of tax planning issues and their ability to communicate complex tax concepts in a clear and reflective manner. As part of the formative learning activity, students will work collaboratively in groups to discuss selected tax planning scenarios. These discussions will encourage students to engage with relevant tax legislation, principles, and ethical considerations, and to explore different perspectives on the use and implications of tax planning strategies. Following the group discussion, each student will independently produce a blog that summarises the key issues addressed and critically reflects on the tax planning approaches considered. The blog should demonstrate the student’s understanding of the relevant tax concepts, their ability to analyse the implications of different tax treatments, and their capacity to present reasoned arguments in a clear and coherent written format.

The exam includes a mix of:

Scenario-based problems requiring you to calculate tax liabilities for individuals and businesses
Short-answer questions testing key concepts, legislation, and compliance requirements
Applied questions that assess critical reasoning, ethical considerations, and professional judgement

This assessment gives you the opportunity to demonstrate your numerical accuracy, professional judgement, and ability to communicate tax calculations and advice clearly.

The learning strategy for this module is designed to support the progressive development of knowledge, practical skills, and critical understanding in corporate assurance and governance, using a blend of taught sessions, guided practice, and independent study.

Whole group sessions will be delivered through a series of interactive and participatory lectures. These sessions will introduce and explain key concepts, theories, and frameworks relating to corporate governance, auditing, and assurance, providing the foundation for further learning. Lectures will incorporate current business-world examples, case studies, and professional scenarios to contextualise theory and encourage engagement, discussion, and critical reflection.

Small group sessions will take the form of weekly tutorials in which students will work both individually and collaboratively on practical exercises, case-based activities, and problem-solving tasks. These sessions are designed to reinforce lecture content, develop applied auditing and governance skills, and encourage peer learning. Students will be expected to prepare for tutorials through directed reading and preparatory tasks completed outside formal contact hours.

The module will be supported by a range of learning materials available via the Virtual Learning Environment (VLE), including lecture slides, case studies, reading lists, guidance notes, and self-directed learning activities. These resources will enable students to review content, extend their understanding, and manage their learning at a pace and time that suits individual needs.

Students will receive general guidance through targeted support and skills development where required, including advice on assessments, academic writing, presentation skills, and exam preparation. Tutorial sessions will place strong emphasis on formative feedback, with tutors providing ongoing guidance and assessment of students’ progress through discussion, exercise review, and peer interaction. This approach supports continuous improvement and prepares students effectively for summative assessments.

1. Assess tax liabilities of individuals and businesses, applying the principles, policies, and regulatory framework of the UK taxation system.

Personal Development & Entrepreneurship

2. Apply relevant taxation legislation and techniques to calculate tax liabilities and resolve complex taxation problems.

Application & Problem-Solving

3. Collaboratively evaluate alternative tax treatments and planning options using appropriate digital resources, taking account of compliance requirements, ethical considerations, and risk.

Critical Reasoning & Collaboration
Digital Literacy

4. Effectively communicate taxation calculations, analysis, and advice in clear written and numerical formats, critically reflecting on accuracy, implications, and professional significance.

Communication
Reflection

In this section, you must include reference to any specialist software, equipment, databases or licences as well as access to laboratories, simulation suites, etc.

Microsoft Office
Padlet and other digital feedback mechanisms
Computer-based quizzes

Aim for a maximum of 5 key texts, published within the last 5 years, where possible.

Core Textbooks:

Melville, A. Taxation: Finance Act (Current Edition). Harlow: FT Prentice Hall.

Lymer, A. & Oats, L. Taxation: Policy and Practice (Current Edition). Oxford: Fiscal Publications.

Online Resources:

Websites of UK Chartered Accounting Bodies, including ACCA, ICAEW, ICAS, and CIMA: https://www.accaglobal.com, https://www.icaew.com, https://www.icas.com, https://www.cimaglobal.com

HM Revenue & Customs (HMRC) official guidance: https://www.gov.uk/government/organisations/hm-revenue-customs

Discover how tax really works in the UK and why it matters in business and everyday financial decisions. This practical, career-focused module equips you with the skills to calculate tax liabilities, understand compliance, and apply tax rules to real-world cases. Covering income tax, business taxation, corporation tax, VAT, and ethical tax planning, it is ideal for students aiming for careers in accounting, finance, or professional qualifications such as ACCA or CIMA.